Two years ago for my birthday, my wife surprised me by enrolling me in a 5 day class at Marc Adams School of Woodworking. The class was a beginners class taught by Alan Lacer. I was wanting to learn about woodturning but had zero experience, zero tools and no lathe. There was a minimum tool list that we were to bring or we could borrow the schools tools. So...I went to the class and was hooked. When I returned home I watched Craigslist and contacted two different sellers. Each time I was about an hour to late. So...I ended up ordering a Oneway 12/24 and got the additional extension making it a 12/48. This was the same lathe used at the school and I though that if the lathe could hold up to repeated classes year after year, it would probably serve me well. Since that original visit to the school, I've gone back two more times and intend to go next year. I've had the lathe for about 3 years now and am very satisfied with it.
I knew that there would probably be a steep learning curve and that is the main reason why I attend the school. Why not learn from people who know what they are doing, been through all of the beginners mistakes, able to teach the proper methods and show you how to do something safely.
I agree that buying the lathe was the cheaper part of the hobby because the tools, chucks and various accessories can really add up. But what a fun hobby. I've made my share of mistakes, had catches with the tools that ended throwing what I was making across the room, telling myself that just one more light pass across the bottom will finish the bowl off nicely only to cut through the bottom entirely. Other experienced turners talk about making expensive firewood and I've done my share.
Don't get discouraged. If you have a catch remember what caused it and try to avoid it. If you ruin something you're making, put it on a shelf as a reminder of what not to do. There is a learning curve to turning so keep after it. Talk to other turners, find a turning club, read books, attend classes. There are a multitude of things an aspiring turner can do to improve skills and technique. Just don't give up.
Terry